FG Rejects N30,000, Finally Settles For N24,000 As Minimum Wage

The Minister of Labour and Employment, Chris Ngige has denied the report that the Federal Government and the organised labour have agreed on the payement of 30,000 as the new National minimum wage.

According to him, the federal government has insisted on it's 24,000 proposal.

The minister said there was no truth in the claim that those concerned have agreed to increase the minimum wage to N30,000.

He explained that while the organised labour agreed on N30,000, the organised private sector came down to N25,000, the Federal Government proposed N24,000 while state governors proposed N20,000.

He said in accordance with Convention 131 of the International Labour Organisation, the most important thing to consider in fixing the new minimum wage is the ability to pay.